Air Lease Corp reports results for the quarter ended in September 30 - Earnings Summary

Air Lease

08/11/2024 05:19

* Air Lease Corp  AL.N  reported quarterly adjusted earnings
of 82
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of
$1.10.  The mean expectation of six analysts for the quarter was
for earnings of 79 cents per share. Wall Street expected
results to range from 78 cents to 81 cents per share.
    * Revenue rose 4.7% to $690.16 million from a year ago;
analysts
expected $676.82 million. 
    * Air Lease Corp's reported EPS for the quarter was 82
cents​.
    * The company reported quarterly net income of $91.65
million.
    * Air Lease Corp shares had risen by 4.5% this quarter and
gained 12.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.5%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
services peer group is also "buy"

Wall Street's median 12-month price target for Air Lease Corp is
55.00 
This summary was machine generated from LSEG data November 8 at
05:19 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.79           0.82           Beat
 Jun. 30 2024      0.90           0.81           Missed
 Mar. 31 2024      0.94           0.87           Missed
 Dec. 31 2023      1.08           1.89           Beat